Multi-state Cooperative Societies

Legislation governing multi-state cooperative societies set for big change

The Multi-State Cooperative Societies (MSCS) Act, under which the three new co-ops are being formed was last amended in 2002

Iffco, Amul, three others to promote exports of new co-op society

The new cooperative will also provide proper institutional support for aggregation of exportable surplus, working capital, logistics, technical know-how and training

Cabinet approves setting up of 3 new multi-state cooperative societies

The Union Cabinet on Wednesday approved setting up of a national level multi-state cooperative seed society under Multi-State Cooperative Societies (MSCS) Act, 2002

RS nominates 10 members to panel on Multi-State Cooperative Societies Bill

Rajya Sabha on Wednesday nominated 10 members to the joint committee of Parliament to examine the Multi-State Cooperative Societies (Amendment) Bill, 2022. The Lok Sabha Tuesday referred the Bill to the committee. Cooperation Minister Amit Shah had said 21 members of the joint panel will be from the Lok Sabha and 10 from the Rajya Sabha. While moving the motion in the Upper House, Minister of State for Cooperation B L Verma named the 10 members of the Rajya Sabha who will be in the joint panel. These members are Ghanshyam Tiwari, Surendra Singh Nagar, Dhananjay Bhimrao Mahadik and Ram Chander Jangra of the BJP, Rajani Ashokrao Patil of the Congress, Sukhendu Sekhar Ray of the Trinamool Congress, N R Elango of the DMK, Vikramjit Singh Sahney of the AAP, Sujeet Kumar of the BJD and S Niranjan Reddy of the YSRCP. The Upper House adopted a motion for nomination to the joint committee of Parliament on this Bill through a voice vote. The Multi-State Co-operative Societies (Amendment) Bi

Bill to amend multi-state cooperative society law may create chaos in LS

A discussion on a bill which seeks to amend the law on multi-state cooperative societies is likely to be a stormy affair in Lok Sabha when the proposed measure comes up for passage this week. With parliamentary sources indicating that the Winter session could conclude on December 23, earlier than scheduled, opposition parties could make a fresh pitch for a discussion on Tawang issue. They have been demanding a discussion on the issue in both Houses of Parliament. Indian and Chinese troops had clashed along the Line of Actual Control (LAC) in the Tawang sector of Arunachal Pradesh on December 9 and the face-off resulted in minor injuries to a few personnel from both sides. The session is officially slated to conclude on December 29. The Multi-State Co-operative Societies (Amendment) Bill, 2022, which seeks to bring transparency and accountability in the sector, was introduced in Lok Sabha on December 7 amidst demands from Opposition MPs that it be referred to a standing committee f

Buying a resale flat? Don't let the society rip you off on transfer charges

The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure

Maharashtra appoints liquidator to wind up Rupee Cooperative Bank

Over 200 employees risk losing their jobs

Govt amends Multi State Cooperative Societies Act to bring in transparency

Credit cooperatives constitute the bulk of the MSCS (610), followed by agriculture-oriented MSCS (244)

Cabinet okays amendments in Multi-State Cooperative Societies Act

The Union Cabinet on Wednesday approved amendments to the Multi-State Cooperative Societies Act to bring transparency in the sector and reform the electoral process. The Union Cabinet has approved the Multi-State Cooperative Societies (Amendment) Bill, 2022, which seeks to amend the Multi-State Cooperative Societies Act, 2002, I&B Minister Anurag Thakur told reporters here after the Cabinet meeting. He said the amendments have been brought in to improve the ease of doing business. The Bill will incorporate the provisions of the 97th Constitutional Amendment. The amendments have been brought to improve governance, reform the electoral process, strengthen monitoring mechanisms and enhance transparency and accountability. The Bill also seeks to improve the composition of board and ensure financial discipline, besides enabling the raising of funds in the multi-state cooperative societies.

Co-op societies can now procure goods from public procurement portal GeM

The decision is expected to help cooperatives in getting competitive prices through an open and transparent process

New Co-op Ministry might boost growth of multi-state co-op societies

This would bring much-needed transparency and fairness in the functioning of the cooperatives, which so far have been riddled with charges of political interference and mismanagement, say experts

Gehlot writes to PM Modi to rein in multi-state cooperative societies

Chief Minister Ashok Gehlot has written to Prime Minister Narendra Modi for enacting provisions for remedial measures against the multi-state cooperative societies under the Centre's administration

Multi State Cooperative Societies may soon come under money laundering act

Maharashtra has the highest number of registered MSCSs